Open Demo Account
Home / Market Update / Novak: Russian Oil Exports Will Decline 16.4% year-on-year in 2020

Novak: Russian Oil Exports Will Decline 16.4% year-on-year in 2020

Adel 23 October, 2020 3:57 pm Market Update

Russian Energy Minister Alexander Novak told the Russian State Duma, the lower house of parliament, today, Friday, that Russian oil exports are expected to decrease in 2020 by 16.4% compared to last year, to 225 million tons.

He added that Russia’s oil production this year is expected to reach 507 million tons, down from a planned level of 558-560 million tons.

Tags

Check Also

Oil Prices Edge Lower Amid U.S. Tariff Concerns and OPEC+ Meeting Awaited

Oil prices remained relatively stable on Thursday, as investors braced for potential U.S. tariffs on …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends